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Updated: Sep 04, 2025

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Oracle Financials Cloud: Payables 2023 Implementation Professional Sample Questions:

1. You have modified your tax setup and want to test the changes on actual Payables transactions. How do you validate before enabling for transaction?

A) Oracle Transactional Business Intelligence (OTBI)
B) by creating accounting in draft mode
C) by using Tax Simulator to test
D) by creating a payable invoice, and by validating and reviewing the tax application
E) by changing the tax status to test and then entering a payables invoice


2. Which three are valid reasons why you cannot close your Payables period? (Choose three.)

A) Suppliers on payment holds
B) Unaccounted invoices and payments
C) Incomplete payment files
D) Unapplied prepayments
E) Bills payable requiring maturity


3. Which statement is correct if the payment terms entered in the invoice differ from the payment terms on the purchase order?

A) The payment term of the purchase order overrides the invoice payment term.
B) The user needs to specify which payment term to use.
C) The purchase order payment term cannot be overridden.
D) The user needs to manually change the payment term on the invoice to match the purchase order payment term.
E) The payment term of the invoice overrides the purchase order payment term.


4. Your customer has an electronic payment format program in use and wants all the documents to use the pay group "Domestic". What should you do to achieve this?

A) Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", value "Domestic", and Field "Document pay group", condition "Required" and value - not applicable.
B) Define a user validation at the format program to include: Field "Document pay group", condition "Equal to String", and value "Domestic".
C) Define a user validation at the formatprogram to include: Field "Document pay group", condition "Equal to String", value "Domestic", and Field "Format Program Code", condition "Equal to String" and value - as desired.
D) Modify your template to hard code the value "Domestic" for the pay group position.


5. Your client wants the subledger journal entry description to be transferred to general ledger.
Which two could be used to enable this?

A) Set the General Ledger Journal Entry Summarization option to Group by general ledger period
B) Set the General Ledger Journal Entry Summarization option to Summarize by general ledger date
C) Set the General Ledger Journal Entry Summarization option to Summarize by general ledger period
D) Set the General Ledger Journal Entry Summarization option to Group by general ledger date


Solutions:

Question # 1
Answer: C
Question # 2
Answer: B,C,D
Question # 3
Answer: C
Question # 4
Answer: C
Question # 5
Answer: B,C

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